InRob Continues International Expansion: Secures Manufacturing Facilities in the Philippines |
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InRob Tech
2 Haprat St.
Yavne, 81827
Israel
Press release date: March 5, 2008
LAS VEGAS, March 5 -- InRob Tech Ltd. ("InRob") (BULLETIN BOARD: IRBL) a leader in advanced wireless control systems for unmanned ground vehicles (UGV), today announced it has secured use of premises in the Philippines on a full turnkey basis. The premises include floor space, utilities, equipment and machinery that can be used to manufacture various components of mobile robots and other products for both civilian and military applications. These products will be marketed and sold by InRob and its strategic partners.
Under the terms of the agreements, InRob has the capabilities to manufacture products with a total value of up to $28,500,000. Full details of this agreement are included in the Form 8-K recently filed with the SEC.
"International expansion is an integral part of our corporate strategy," says Ben Tsur Joseph, InRob's President. "This agreement secures important and advanced manufacturing facilities for our world-wide operations. We are seeing very strong market interest in our wireless remote control systems and robot solutions, and these facilities will enable us to meet the demand for our products in 2008 and beyond. This agreement also gives us a strong base in the important Asia Pacific region and the ability to react quickly to our customers' needs. This is particularly critical for our military customers who face constantly changing tactical environments and require solutions as quickly as possible."
About InRob
InRob is an Israeli-based high-tech company specializing in the planning, manufacturing and service support of advanced wireless and remote control systems, operating all types of robots and other vehicles. The Company is Israel's leader in its field, and supports the IDF (Israeli Defence Forces), Israeli police, and other military and civilian companies dealing with security. Founded in 1988, the Company works closely with other high-tech companies to provide the most advanced and comprehensive UGV solutions on the market.
For more information, please visit our web site at http://www.inrobtech.com/.
Source: InRob Tech Ltd.
CONTACT: Mr. Nissim Lavi of InRob Tech Ltd, +1-866-668-2929
Web site: http://www.inrobtech.com/
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